Whalesbook
Spandana Sphoorty Financial shares saw a significant jump of over 5.5% following the announcement of Venkatesh Krishnan as its new Managing Director and CEO, effective November 27. Krishnan, a seasoned Chartered Accountant with over 34 years of experience, previously led HDFC Bank's microfinance business. His appointment aims to bring deep expertise in financial inclusion and rural banking to the company, following the departure of the previous MD and CEO earlier this year. The stock's positive reaction reflects investor confidence in the new leadership.